Definition of IGC Indebtedness


IGC Indebtedness means all short-term and long-term intercompany indebtedness owed to the Borrower by Indiana Gas Company, Inc. at the time of the Reorganization.
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Examples of IGC Indebtedness in a sentence

The Borrower shall not permit any Financing Subsidiary to (a) create, incur, assume or suffer to exist any Indebtedness except for indebtedness to the Borrower in an amount equal the amount of the IGC Indebtedness or (b) engage in any material business other than performing administrative functions necessary for the maintenance of its existence or the servicing of its obligations.